Mattel, Inc. (MAT) Expected to Announce Quarterly Sales of $715.23 Million

Brokerages predict that Mattel, Inc. (NASDAQ:MAT) will announce sales of $715.23 million for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Mattel’s earnings, with the lowest sales estimate coming in at $682.00 million and the highest estimate coming in at $775.70 million. Mattel reported sales of $735.60 million during the same quarter last year, which indicates a negative year-over-year growth rate of 2.8%. The company is expected to announce its next quarterly earnings report on Thursday, April 19th.

On average, analysts expect that Mattel will report full-year sales of $715.23 million for the current fiscal year, with estimates ranging from $4.78 billion to $5.52 billion. For the next fiscal year, analysts anticipate that the business will report sales of $4.98 billion per share, with estimates ranging from $4.84 billion to $5.13 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Mattel.

Mattel (NASDAQ:MAT) last released its quarterly earnings data on Thursday, February 1st. The company reported ($0.72) EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.93). The business had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.69 billion. Mattel had a negative net margin of 21.59% and a negative return on equity of 21.37%. The company’s revenue was down 12.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 EPS.

A number of research firms recently issued reports on MAT. BidaskClub downgraded Mattel from a “hold” rating to a “sell” rating in a research note on Saturday, January 13th. Stifel Nicolaus dropped their price target on Mattel from $19.00 to $17.00 and set a “hold” rating on the stock in a research note on Thursday, October 12th. Jefferies Group set a $14.00 price target on Mattel and gave the stock a “hold” rating in a research note on Tuesday, December 12th. Zacks Investment Research upgraded Mattel from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 26th. Finally, Barclays raised their price target on Mattel from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research note on Monday. Thirteen analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $19.00.

Institutional investors have recently bought and sold shares of the business. Thrivent Financial For Lutherans lifted its position in Mattel by 3.2% during the 2nd quarter. Thrivent Financial For Lutherans now owns 13,050 shares of the company’s stock worth $281,000 after acquiring an additional 410 shares during the period. Olstein Capital Management L.P. lifted its position in Mattel by 375.4% during the 3rd quarter. Olstein Capital Management L.P. now owns 539,160 shares of the company’s stock worth $8,346,000 after acquiring an additional 425,760 shares during the period. Bank of New York Mellon Corp lifted its position in Mattel by 20.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 13,201,338 shares of the company’s stock worth $204,357,000 after acquiring an additional 2,253,399 shares during the period. AE Wealth Management LLC lifted its position in Mattel by 36.8% during the 3rd quarter. AE Wealth Management LLC now owns 68,209 shares of the company’s stock worth $1,056,000 after acquiring an additional 18,349 shares during the period. Finally, Fairpointe Capital LLC lifted its position in Mattel by 24.3% during the 2nd quarter. Fairpointe Capital LLC now owns 7,993,469 shares of the company’s stock worth $172,099,000 after acquiring an additional 1,560,624 shares during the period. 93.86% of the stock is owned by institutional investors.

Mattel (NASDAQ:MAT) traded up $1.27 during trading hours on Tuesday, reaching $17.27. The company had a trading volume of 9,836,737 shares, compared to its average volume of 6,957,901. The stock has a market cap of $5,740.00, a P/E ratio of -5.64, a PEG ratio of 14.19 and a beta of 1.00. The company has a quick ratio of 1.55, a current ratio of 1.92 and a debt-to-equity ratio of 2.28. Mattel has a 12-month low of $12.71 and a 12-month high of $26.30.

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About Mattel

Mattel, Inc manufactures and markets a range of toy products around the world. The Company’s segments are North America; International, and American Girl. Its portfolio of brands and products are grouped into approximately four major brand categories, including Mattel Girls & Boys Brands, Fisher-Price Brands, American Girl Brands and Construction and Arts & Crafts Brands.

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Earnings History and Estimates for Mattel (NASDAQ:MAT)

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